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Condensed Consolidated Statements of Cash Flows
$ in Millions
6 Months Ended
Jun. 26, 2020
USD ($)
Jun. 28, 2019
USD ($)
Cash flows from operating activities:    
Net income (loss) $ 32.6 $ 1.1
Adjustments to reconcile net income to net cash provided by operating activities (excluding assets acquired and liabilities assumed):    
Depreciation and amortization 12.6 10.4
Amortization of intangible assets 9.9 9.9
Stock-based compensation 6.2 5.8
Amortization of debt issuance costs 0.9 0.9
(Gain) loss on the disposal of assets and business 0.3 (0.3)
Gain from insurance proceeds (0.6)  
Deferred income taxes   (2.1)
Change in the fair value of financial instruments and earn-out liability 4.2  
Changes in assets and liabilities:    
Accounts receivable (26.0) 10.0
Inventories (21.5) 32.4
Prepaid expenses and other current assets (1.6) 3.7
Other non-current assets 0.3 (0.6)
Accounts payable 6.5 (4.7)
Accrued compensation and related benefits 2.8 3.4
Income taxes payable 4.9 (2.2)
Operating lease assets and liabilities (0.5) 0.5
Other liabilities 2.2 (0.2)
Net cash provided by operating activities 33.2 68.0
Cash flows from investing activities:    
Purchases of property, plant and equipment (17.0) (6.8)
Acquisition of Dynamic Manufacturing Solutions, LLC   (29.8)
Proceeds from sale of equipment, including insurance proceeds 2.9 0.5
Net cash used in investing activities (14.1) (36.1)
Cash flows from financing activities:    
Proceeds from bank borrowings 60.5 28.1
Proceeds from issuance of common stock 0.3 0.1
Principal payments on bank borrowings and finance leases (26.3) (32.4)
Taxes paid related to net share settlement of equity awards (1.4) (1.4)
Net cash provided by (used in) financing activities 33.1 (5.6)
Effect of exchange rate changes on cash and cash equivalents (0.3) (2.3)
Net increase in cash and cash equivalents 51.9 24.0
Cash and cash equivalents at beginning of period 162.5 144.1
Cash and cash equivalents at end of period 214.4 168.1
Supplemental cash flow information:    
Income taxes paid, net of income tax refunds 4.6 8.6
Interest paid 9.2 12.3
Non-cash investing and financing activities:    
Fair value of earn-out payment related to DMS acquisition   1.4
Property, plant and equipment purchased included in accounts payable and other liabilities $ 2.5 $ 5.1